A War Trump is Actually Winning
July 2, 2025
Trump’s war on American consumers is proceeding. He announced today that imports from Vietnam will be taxed with a 20 percent tariff tax, 40 percent for goods that have to change ships during the journey. This will allow certain American corporations to jack up their prices and, as some Vietnamese businesses drop out of the export market prices of those goods will increase even more.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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